Wipro Q1 PAT may dip 7.4% QoQ to Rs. 2,298.6 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the IT Services sector. The brokerage house expects Wipro to report net profit at Rs. 2,298.6 crore down 7.4% quarter-on-quarter (up 8.4% year-on-year).

Net Sales are expected to decrease by 2.1 percent Q-o-Q (up 5.9 percent Y-o-Y) to Rs. 14,877.8 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8.6 percent Q-o-Q (up 20.2 percent Y-o-Y) to Rs. 2,496.4 crore.

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